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How much of the increase in net sales is accounted

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Reference no: EM132854405

Question - The income data of Ronie Corporation for the years 2019 and 2020 are as follows:

 

2020

2019

Inc.

Net Sales

6,900

5,100

1,800

Cost of goods sold

3,795

3,060

735

Gross profit

3,105

2,040

1,065

If the sales prices in 2020 are approximately 20% higher than those of 2019, how much of the 1,800,000 increase in net sales is accounted for as attributable to sales price variance?

Reference no: EM132854405

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